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Source: Thomson Reuters.   Last updated on Feb 23, 2019 at 02:12AM (UTC).   Delayed by at least 15 minutes.
Abu Dhabi Securities Exchange Lists National Investor in Secondary Market
Nov 25, 2014
In a ceremony held at the Abu Dhabi Securities Exchange (ADX) in the presence of Mr. Rashed Al Balooshi, CEO of ADX, and Mr. Yasser Geissah, CEO of The National Investor, as well as a number of senior staff from both organizations, ADX announced the listing of National Investor in the Exchange’s Second Market for private companies under the symbol TNI.  The company’s shares started trading on the 25th of November.

The “new” market, where listing does not require full stock exchange disclosure, is also intended to serve as a stepping stone for some companies to go public, and will facilitate that process by providing ownership records. The new initiative will also help improve corporate governance and transparency among companies while strengthening the anti-money laundering efforts.

ADX listing of the National Investor in the Second Market comes in line with its strategic initiatives aiming towards diversifying investment products which willmore vehicles for investing money that will help to stimulate long-term growth and diversification, as well as the encouragement of more institutional investors to the market.   
“We are delighted to welcome The National Investor on the ADX growing list of companies,” said Rashed Al Balooshi, CEO of ADX. “The National Investor’s solid reputation built over two decades of professional and transparent services offered to a substantial client base that includes listed and privately owned companies, financial institutions and high net-worth individuals, makes it an ideal addition to our listing.”

Al Baloushi continued, "listing of The National Investor is important for the ‎market and the company, whereby it further strengthens its position in the ‎market locally, regionally and globally, and will secure future growth, not to ‎mention also that this process will open the doors to foreign investors and ‎local citizens who are looking for more opportunities to diversify their ‎portfolios".‎

Al Baloushi added, "As part of the program of best practices that we adopt ‎and apply through the operational mechanisms at ADX, and in line with the strategy and aspirations of ‘Abu Dhabi Vision ‎‎2030’, we encourage more companies to list their shares on the second market, ‎stressing through his speech the importance of new listings in giving investors ‎more opportunities to diversify their investments and therefore spread their ‎risk further, which consequently helps to enhance stability in the market ‎which in turn will attract more institutional investments to Abu Dhabi in ‎particular and the UAE in general”.‎
 
TNI’s asset management practice manages three funds, including TNI UAE Blue Chip Fund,TNI MENA UCITS Fund and TNI MENA Hedge Fund.  These funds are targeted at international and local institutional and sophisticated high net-worth individual investors.  TNI asset management has a rigorous investment process coupled with strong buy-side research capabilities, which positions it as one of the leading fund managers in the UAE.

“SCA’s initiative to allow listing of private companies is a significant step towards the development of the UAE capital markets.TNI, with its strong corporate governance framework and proven track record, will bring further diversity to the ADX exchange,” added Yasser Geissah, CEO of TNI.

With offices in Abu Dhabi and Dubai International Financial Centre (DIFC), TNI provides investment banking and investment management advisory services. Founded in 1994, TNI is built around three strategic businesses: Merchant Banking, Asset Management and Principal Investments.

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